NTPC To Ratchet Up Coal Production From Captive Mines

NTPC To Ratchet Up Coal Production From Captive Mines

NTPC, which has been allocated 10 coal blocks for captive mining, has already initiated a process of opening technical bids, awarding contracts and appointing mine developer operators for five of these blocks aiming to bring them into production by end of the next financial year.

These five coal blocks are expected to produce 56-million tons a year of thermal coal and meet about 67% of NTPC’s current dry fuel requirement of 170-million tons a year.

The ten coal blocks with NTPC have aggregate estimated geological reserves of 7.3-billion tons and once operationalized, will produce 107-million tons a year, making the power utility the country’s second-largest miningcompany, after Coal India Limited (CIL). Read More…

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